The Blog on Meeting Room Management

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overhead costs law firm

All law firms — whether they are single-lawyer practices in the midwest or massive firms in NYC —- have one thing in common: They are looking for ways to make more money.

The most obvious path is to make more money by taking on more clients.

More clients = more cases = more money.

The math is pretty simple, right?

But what happens if you are already drowning in cases? Do you hire more lawyers? Where would you put them? Now you are talking about getting a bigger office space which means more overhead and higher bills, not more income.

If your firm is looking to drive revenue, the first step is to take a long look at the biggest profit-killer of all — soaring overhead costs.

9 Tips on How to Make Your Office Corona Compliant

We are all still challenged by the current coronavirus pandemic status. Most business offices are still closed, but we are now starting to see more and more companies getting into preparation mode for the re-opening of all the physical facilities. So, it is getting time to move from a situation where everybody is working remotely and prepare for the “Post COVID-19” workplace and basically get into the mindset on how to secure the office space and make all your employees and visitors feel safe in your environment.

Office 365 vs AskCody

Have you ever wished for more hours in the day? More time to spend focusing on deep work rather than running around to meetings? (That could have been an email, Susan!)

We've all been there.

The rise of technology has given us access to a vast amount of data about how we work — but many companies don't have the tools to turn that data into real insights.

Luckily, there are several software solutions aimed at doing just that. Today, we are comparing two of the most popular workplace analytics tools — Microsoft's add on and AskCody's built-in workplace analytics solution.

Which comes out on top when it comes to pricing and features? Is one solution a better fit for your company? Let's find out.

Growing and Protecting Healthy Professional Services Profit Margins

When it comes to running a business, it is all about the numbers. While most businesses look at overall revenue, there is a much more critical number all businesses should be looking at, especially those in professional services — your profit margins.

Profit margins serve several critical purposes. First, comparing your profit margins to averages in your industry serves as a benchmark. If the average profit margin is much higher, it may be time to adjust the way you do business.

Tracking your profit margin over time can highlight how strategic changes are impacting your firm's bottom line.

So, how does your profit margin compare to your industry? First, let's make sure your profit margin numbers are accurate.

Robin Alternative

In 2019, Jorge Masvidal floored Ben Askren in the fastest takedown in UFC history. A flying knee took Ben down in less than two seconds, ending the fight before it really even began.

Most fights, however, aren't a one-hit takedown. There is sparring, fighting, a few takedown attempts before a winner emerges victorious.

What does this have to do with choosing a meeting management tool, you might wonder?

Just like in UFC, there is rarely a clear winner in the first two seconds. The right tool for your company might depend on your industry, the size of your company, and a variety of other factors unique to your business.

This can get complicated and overwhelming — especially when you are trying to take care of clients and get actual work done.

We decided to make it easy for you.

This guide will help you compare Robin with the best Robin alternative, AskCody. We'll look at features, support, integrations, and a few pros and cons. By the end, you'll have a clear idea of which software will best suit your needs.

The Advertising Agency Profitability Field Guide

When Meghan Trainor co-wrote the popular song "All About The Bass," she didn't expect to make a dime. The 2014 song about loving your body the way it is went Diamond and launched the singer and songwriter to international fame.

As an advertiser, you know profitability sometimes has more to do with marketability than anything else. Too often, agencies let business details slide as they focus on the profitability of clients over their own agency.

When it comes to advertising agencies it's not about that bass — it's all about those margins.

Profit margins, that is.

(Yes, we went there.)

Before we explore improving your profit margin, we need to consider if your current profit margins are accurate.

How to improve your meeting conditions during and after the coronavirus

We are in these weeks all confronted by a challenging situation with the coronavirus pandemic—both personally and professionally. Many of us are staying home and are currently remote working, trying to do our best for our families and companies.

We are in a period with more or less fully closed physical offices. So this is an excellent time to reflect on what you can do to ensure the best office setting when you all come back to the physical environment you rely on in your professional life. Here are some ideas for you.

Meeting Facilitation

It's Monday morning. You log in to your workspace and glance at your calendar for the week ahead. There's a meeting with Joe about a project that's been going nowhere. A meeting with Jody about the same thing you talked about last week — was she even paying attention?

When your week is a revolving door of meetings, it's hard to get any actual work done. It's frustrating — but it also costs your business money.

Are you tired of being trapped in meetings that waste time and don't actually help you or your staff be more productive?

Implementing (or improving) your meeting facilitation process is the key to taking back your time.

Utilization Rate: The Ultimate Guide for Professional Service Firms

It’s been yet another busy week at the office.

Your firm has been bustling with activity and everyone has been hard at work wrapping up several big client projects.

Or have they?

Now that it’s time to send out invoices, you’re realizing how many hours have been whiled away at lunches, in meetings, and completing administrative duties instead of actually utilized on billable, client work.

Utilization rate is a critical metric for measuring a professional service firm’s health and potential for growth. Keep reading to learn everything you need to know when it comes to measuring your utilization rate correctly, applying it efficiently, and growing it to increase your organization’s productivity and profitability.

Implementing and visualizing a Meeting Management Platform

Meetings are taking over our workday. A recent study found that most workers attend a total of 62 meetings every month — which is an average of 3.1 meetings a day. At the end of the month, we spend an average of 31 hours in unproductive meetings.

It is a waste of time, and it is a waste of money.

In fact, U.S. businesses waste a total of $37 billion in salary costs annually for unproductive or unnecessary meetings.

What could your salespeople do with an extra 31 hours of time a month? What about managers? Customer service reps? How much could you grow your company with just a sliver of the $37 billion spent on unproductive meetings?

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